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CNN
Dec 8, 2012 6:30am PST
is there's going to be a deal in place, that we're not going to drive over the fiscal cliff. something else that's resonating outside the beltway is that house members decided to call it a week by wednesday. so what people are wondering is why aren't they spending the weekends working this out? why are the people outside the beltway having their financial future put in jeopardy because they can't work out a deal? >> what a great piece. thanks so much. have a great weekend. >> you bet. >> if you think this fiscal cliff fight has been a low point in american politics -- >> the president seems obsessed about raising taxes on you. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. >> i'm going to tell you why it might seem downright friendly compared to the next legislative battle. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. for their annua
FOX News
Dec 12, 2012 2:00pm PST
something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this year and talk to a few other people and chance to go to the rodeo and see my family. >> eric: that's nice. >> dana: that's it? "that's nice." >> kimberly: it sundays fun. you know how to ride a horse. >> bob: ride a bull. >> dana: we talked about greg's book for three weeks. >> kimberly: so
CNBC
Dec 6, 2012 6:00pm EST
the fiscal cliff. something that could crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. formally known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged woman, and charming shops, giving them two successful plus-sized chains. i believe in this deal because they have a record of making transitions work. the stock got slammed today, falling 4.3%, they delivered a four-cent earnings beat, revenues were in line, but still rose 48% year-over-year. and they reaffirmed their guidance for 2013, numbers slightly less than what some on wall street were expecting. what happened here, i think, is the stock ran 35% for the year. expectations got to elevated for some, well, they say they were disappointed. let's talk to the president and ceo of ascena retail group to learn more about the quarter and the profits. welcome back to
PBS
Dec 4, 2012 4:30pm PST
issues around the fiscal cliff. we think it is really important that they get something done because, obviously, if tax rates go up on middle-class americans come next month, it will be bad for those middle-class americans, it is will be bad for our states, and we're concerned about both the fiscal side and the economic growth side. >> susie: so talk to us a little bit about what kind of deal you would like to see. what were you proposing to the president? >> let's put it this way, if money is just shifted from the federal government to the states, that's not really saving anything. and the president understands that. we think it is really important. recognizing if there are cuts in funds, there ought to be a corresponding reduction in some of the requirements that are put on the states. so we really, as much as anything else, wanted to make sure that our voices are heard and that as decisions are made, whether it is about taxes, whether it is about spending cuts, that they be done equitably and with our input. >> susie: your state is headquarters to many large american companies. an
PBS
Dec 4, 2012 7:00pm PST
the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest, more likely to hire their next employee if they know what the game looks like. what the landscape looks like. and so as much as anything else, we think having that certainty, having that clarity on taxes and spending, is really important. >> susie: you said you are also very concerned about where growth is going to come from. did you discuss that with the president, won did he say, aside from tax increases and spending cuts? >> one of the things we specifically talked about was infrastructure. it didn't used to be that roads and bridges were democrat or republican. we need to continue to invest in our infrastructure, a strong transportation network, water, sewer, broadband and
FOX Business
Dec 12, 2012 6:00pm EST
to happen? are we going to go up the fiscal cliff? isn't a mountain or a clip? somebody has to do something. >> everyone is fighting over tax increases and tax hikes. i get that. we need to find something they agree on. we need to take the pieces of the puzzle into them together. tracy: yes, they end up using every dollar that they have and there is nothing left at the end of the day. it is almost how we feel is the american people watching us. they are just waiting our money while they are fighting. >> where has everyone been the last two years? that is the biggest problem. can you get to economize everyone feels okay with? a really good compromise from both parties is important. it is an actual compromise. an amicable resolve. i think sitting here watching the news, sitting in sending an agreement, who knows what would happen? time is ticking. tracy: have there been any glaring mistakes that they have made in the compromising process? >> well, i think that people are coming from a viewer standpoint, they are saying, okay, if you're not showing all your cards. we were going behind closed d
FOX Business
Dec 10, 2012 3:00pm EST
" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks people should be talking about but aren't. how did you identify them? >> there are lots of things people worry about, but which of the really big ones and what kind of a timefram time frame ae talking about? decade?out next week or next we talk about the big risk to have to look further in the future. liz: the next year or so? 20 years, 50 years perhaps. number three. you say it's all the unfunded pension liability risk globally, how is that a hidden risks? >> there are pension funds like social security which are not well funded in the future, that is one of the big topics of the fisc
MSNBC
Dec 5, 2012 8:00am PST
support clinton to succeed president obama. 37% would not. ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for
CNBC
Dec 11, 2012 4:00pm EST
nowheresville in terms of negotiations on a fiscal cliff deal. take a listen. >> until we hear something from the republicans there's nothing to drafrt, so we can get things done quickly. i think it's going to be extremely difficult to get it before christmas but it done. be >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. >> and then there was this moment here at the white house at the press briefing where press secretary jay carney was pressed by reporters to say what it was that speaker boehner and the president were talking about during their meeting here at the white house on sunday. the reporters wanted to know if the specifics being discussion skused in that conversation are separate from the specifics being offered in the public dialogue. take a listen to what jay carney said. >> i'm trying to be incredibly opaque about the distinction. look. >> it's working. >> it's working. >> so at least he's man enough to admit he doesn't want to give us the answer to th
CNN
Dec 10, 2012 4:00pm PST
really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at our bigger debt picture and soon. because what they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16
CSPAN
Dec 12, 2012 1:00am EST
this if it was not a mandate the people sent us to go do. >> something on all of our minds is the fiscal cliff. i would be remiss if i did not ask you both to weigh in on it in the following way. first, what is going on that we do not understand? number two, what should happen? number 3, what is the rsc going to do to help us get to that sector state, and what should happen? either of you want to chime in on that? >> first of all, if you look at where we are right now, and because of a number of reasons, a few of them going back to the last debt ceiling bill -- i did not vote for the budget control act, and because it did not address the real problem, and that is spending. if you look at the debate, it is mostly a debate about how much in taxes to raise, and the president keeps moving the goal post. he keeps adding more to it. he has an insatiable appetite to spend money and attack other people for it. we are not talking about addressing the real problem. i do not think anybody's taxes should go up. barack obama said three years ago, if you raise taxes in a bad economy, it will make things worse. we ar
CNN
Dec 10, 2012 11:00am PST
away in lansing. let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears to remain at stalemate. the white house is eressing the view that the president believes it is still possible to get to a deal, but they want to hear more -- they want to hear specifics from republicans on revenue and they have not heard that. that's what the white house was saying before the deal -- before the meeting last friday they were saying this. the speaker's office is saying they still want to hear from the white house on more details on spending cuts, also that is what the speaker's office was saying before the meeting last friday. so the message today is exactly what it was last friday. the meeting happened yesterday. on sunday. so we are where we were. does that mean that nothing happened in the meeting? no, ther
MSNBC
Dec 7, 2012 3:00pm PST
the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would bring. >> yes. i think that, you know, you can't declare something done until it's done. but i think all of the signals you're getting from the republicans is that they realize that the last thing they need to be doing right now is to look like they are holding up middle class tax cuts to protect tax cuts for the very wealthy. that's not where they want to be and somewhere deep inside they kno
CNBC
Dec 12, 2012 6:00am EST
, andrew. >> let's talk about the fiscal cliff. i want to talk to you specifically about something else going on in the washington. you were no fan of the president in the run up to the election and there were so many people on wall street who frankly were not fans and were outspoken about it. now, there seems to be a move afoot within washington and some level on wall street to try to mend those fences. what's going on? can you take us behind the scenes a little bit? >> i think it's pretty clear we're supposed to be one country. we have a new president, we have a four year run and i think people have to find some common ground. i think the president is reaching out pretty aggressively in the context of trying to make connections to the other side to get a budget deal done which i think he's really very committed to wanting to do. >> when you look at the election results, and you look at where we are in this conversation about the fiscal cliff and raising taxes, do you say to yourself, that he has a mandate to raise tax rates or not? >> well, geez, i think he thinks he does in a certain
FOX Business
Dec 12, 2012 1:00pm EST
going over the fiscal cliff and something technical comes out in the unemployment rate drops for some reason. ashley: let's hear from the man himself, mr. bernanke. >> good afternoon. it has been about three and a half years since the economic recovery began. the economy continues to expand at a moderate pace. unfortunately however unemployment remains high. about 5 million people, more than 40% of the unemployed have been without a job for six months or more. millions more who say they would like full-time work an have only found part-time employment or stop looking entirely. the conditions in the job market now show waste of human and economic potential. return to broad-based prosperity will require sustained improvement in the job market which in turn requires stronger economic growth. meanwhile apart from some temporary fluctuations largely reflected swings in energy prices, it is likely to run at or below the federal market committee's 2% objective in coming quarters over the longer term. against a macroeconomic backdrop includes high unemployment and subdued inflation, the fomc
CNN
Dec 6, 2012 8:00am PST
with something that avoids going over the fiscal cliff. i think that's what that poll shows. >> let me change topics for a bit. news broke just before the program that republican senator jim demint is leaving. he decided to take over the heritage foundation. i have a question for you in that was this expected? he's a staunch conservative and opponent to craving into democrats and how do those things factor into a way ahead for republicans in the senate? >> i was surprised to hear that jim demint was giving up his senate seat to become head of the heritage foundation, a conservative think tank in washington. it surprised me. i suppose if it surprised me, it surprised a lot of washingtonians as well. i didn't have any indication he was ready to give up that seat from south carolina. running the heritage foundation is an important position in washington. a lot of influence among conservatives, among republicans. i'm sure he's going to have his work cut out for him there. you're right. it does give up that seat from south carolina. south carolina is a pretty red state and once there are elections
FOX
Dec 5, 2012 4:00am PST
to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is being driven by investors purchasing homes. another indicator - remodeling. people are putting money into their homes more now. carpeting, appliances, and contract work all spreads the wealth. thank you chuck. still ahead, stocks that make the "must own" list for 2013, right after the break. here is a question a lot of people are asking themselves this time of year - how's your equity portfolio looking? little anxious about making a move? the people at zacks investment research are looking ahead through 2013 to see where the opportunities might lie. let's talk with john blank. he is the chief equity strategist, the big-picture guy. so, let's talk generalities. bulls or bears, who will be doing most of the running in 2013? > > in my camp, i am a bull, and w i think we can get a 10% return out of next year. > very good. how about through
CSPAN
Dec 7, 2012 6:00am EST
. of argentina. i tend to think of this medium and long term risk as the fiscal avalanche. the cliff is something we are approaching now and we can see where it is. we know will hit the cliff. the avalanche is different. the only thing you know about conditions are present. you know when the snowpack has built up to the point where it could happen. you do not know when it is going coming. once it hits you, the avalanche becomes completely impossible to control. do you agree with this characterization about the avalanche? kind of threat? that from you? >> i would be happy. >> i will give you credit. i think it is right. i do think -- that is why what important. this is a once in a generation opportunity for you to nail these things down. we're not that far apart. i really do not think we are. if you are able to put us on a credible path to fiscal sustainability, do it in a balanced way, i think we are golden. i think we will avoid that avalanche. if we do not do that, ultimately, it means we will by that avalanche. that in order to avoid the conditions? >> i do not know the answer to that. my mode
FOX Business
Dec 7, 2012 4:00pm EST
, but even a company that is taking advantage of all this is worried about the fiscal cliff. this is not something just for nerds in the beltway. >> big time. we ridge just saying that very thing. >> people don't understand how important this is. >> nerds because of the glasses? dave: people inside the beltway are the nerds. they are the ones doing business making things. they are the heart blood of the economy. thank you very much. >> there's no-deal in sight. what about the talking? we head to dec for the latest. dave: first trust adviser chief economist brian westberry has been bullish on this economy for a long time even though we are growing at a slower rate. why is he continuing to be bullish. what is it about the economy he thinks is doing so well? we will last coming right up. [ male announcer this is the a of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor out viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side e
CNBC
Dec 7, 2012 4:00pm EST
impact the defense industry. >> well, the fiscal cliff would just be something that would be disastrous for defense. what you have are all these cuts of sequestration that are not tied to any national security plan or program. these would just be across the board with no plan involved. you have not only the major defense contractors but the entire supply chain involved. >> personalize it for us, dawn. what would it do specifically to your company? >> well, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more workers? >> right now it's very frustrating that we don't have issues decided here. so, yes, we have plants that can be ramping up to supply in the defense industry
Current
Dec 6, 2012 6:00am PST
of a fiscal cliff, am i missing something here? can it be such a bad thing. not really said the cbo. if congress extents current policy, the debt and deficit will increase slowing the economy and dramatically increasing interest costs. because of the deal congress and the president made last year it be result in across the board budget reductions, still there will be no decreases in social security, medicare and veteran's benefits. defense spending would take a big hit, but because of a windown in afghanistan some military leaders are asking for less than congress is willing to shell out. from 1990 to 1999 defense spending decreased by 1% a year. this weakened military is nonsense. jim we have like what 27,000 times to blow up the country with the next amount of nukes. >> and we still have massive armies in europe protecting them from a massive soviet union. >> yeah. >> korea is another issue -- we do need people there. >> stephanie: right, but he points out who is behind all of this fiscal cliff cage rattling. the rich and their friends. any changes on the low,
FOX News
Dec 6, 2012 3:00am PST
respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: for a long, long time. our children and children's children, consider the amount of dent this president has run up. this could be good news. the president of the united states did speak with speaker boehner yesterday on the phone. we know nothing about the call except they talked on the phone. we do know that the last offer, the counteroffer was made by the republicans. they're waiting for the white house. the white house at the same time says come on, we don't have another counteroffer because your last offer was a stinker. you, republicans, need to come up with a new one. >> gretchen: the thing is, they're playing hard ball right now. the white house has sent out tim geithner, the treasury secretary, instead of the president actually, to lead the negotiations and when he was asked yesterday in an interview, tim geithner, that is, whether
FOX News
Dec 6, 2012 6:00am EST
the fiscal cliff? >> it reminds me about something i probably learned in school. but some type of cliff, the economy going pow. >> isn't that the government? this is embarrassing. >> brian: how many people really know what it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky day for steve and brian that yesterday they would have petra and today scarlet. >> brian: and the day before, victoria secret models. >> gretchen: what a week! >> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: fo
CNBC
Dec 5, 2012 4:00am EST
hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped
FOX News
Dec 7, 2012 4:00pm PST
and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is that the markets have remain
FOX News
Dec 9, 2012 11:00am PST
the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your record when george w. bush was president. you voted at least three times against increasing the debt limit. why would congress give up that power? >> the bottom line is on debt ceiling, things shifted. i don't agree with bob corker on that issue. it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff and . the sure footed mitch mcconnell stumbled. i believe debt ceiling will be pa
CNN
Dec 9, 2012 11:30am PST
. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again. it's hard to think that's not going to be where they end up, so why not make it clean instead of ugly. >> i think that it is true that many republicans are saying privately what tom cole said on this show, that they believe the politically expedient and right thing to do now is just to cut their losses, agree to tax rates going up for the most wealthy and really try for significant tax reforms so that 39.6% is going to be moot. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holidays is a r
FOX Business
Dec 7, 2012 1:00pm EST
they have been hearing about higher taxes. i do think with all of the media coverage of the fiscal cliff, consumers are starting to recognize that there is something going on. i think people are more aware. i still think those people feel like something will get done at the last minute. i think they are aware that there are some risks out there. melissa: michelle, you are fantastic. thank you so much. >> thank you. take care. adam: some people think investing sometimes is too good to be true. what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look
PBS
Dec 4, 2012 5:30pm PST
... who were touting a phantom menace known as the fiscal cliff. am i right about that? >> fiscal cliff is not a phantom menace. the deficit right now is. the notion that something terrible will happen if we don't deal with the deficit right away. the fiscal cliff is a very different story. that's about reducing the deficit too fast. >> ifill: you call it an austerity bomb. describe what you mean by that. >> what's happening is that we are scheduled, unless something is done basically to do to ourselves gratuitously what has been happening to some of the european economies. we're going to have substantial spending cuts, substantial tax increases at a time when the dme is still very weak. of course that's a recipe for sliding back into recession. we set ourselves up with the land mine and the road in front of our economy which is not based on anything real, it's just based on our politicalness. >> ifill: speaking of political mes both ses have what the say are opening gambits on the table. president obama at least his last week which calls for $1.6 trillion in revenues. the republicans c
CNN
Dec 10, 2012 6:00am PST
12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have been enjoying now for well over a year. almost two years now. it's about 20 for somebody who earns say $50,000, but they're getting extra because the payroll tax deduction has been changed a little. they're getting a break on that. but that goes away, people are going to have less money in their paycheck. i've been hearing from dwsh stating that theory re tayloi t they're concerned. a lot of people buy their holiday presents based on taxes and no one is really certain what is going on. >> yeah, absolutely. all right. christine romans for us this morning in new york. thank you, christine. >>> well, he is college football's most inspirational figure and his story is much different than most young men who
FOX News
Dec 5, 2012 8:00am PST
bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the speech, he started to speak and that is what is holding us back ironically is stuff that is going on in this town, and he also, the president also said, no one wants to get a deal done more than me. so he's trying to essentially give some encouragement to get the fiscal cliff deal talks ignited and going. and so this
ABC
Dec 9, 2012 6:00pm PST
else just around the kosher, a -- corner, fiscal cliff deadline that is permanent here. >> i can't imagine funding being cut. it would be tragic. >> she is worried mandatory budget cuts would hurt food safety inspection. >> he was in the hospital for three weeks. >> she and her babies got poisoning from meat she ate while pregnancy. the cdc says contaminated food sickens 38,000 people a year, 3,000 people die. so the fda are charged with protecting the food supply. an 8.2% budget cut translates to a combined $157 million. >> there's no word exactly what cuts would mean to inspector staffing. >> both the fda and usda-already stretched thin when it comes to inspection activities. they need increased resources, not fewer resources. >> agencies all say they're stretched. >> he is with freedom works and that's the cuts leave nothing to fear. >> arguing that getting spending under control endangers public health and safety is a really irresponsible scare tactic. especially when you realize that these aren't real cuts. these are reductions from anticipated increases in spending. >> cut
CNN
Dec 9, 2012 5:00am PST
's house, is a reminder of something else, a fiscal cliff deadline that's personal here. >> i can't imagine funding being cut at this point, it will be tragic. >> chloe was in the hospital from two weeks, luke for three. >> contaminated food sickens about 48 million people a year. so the fda foot safety and administration service -- the budget cut translates to a combined $157 million. there's no word exactly what cuts would mean to expecter staffing. >> they're already stretched then when it comes to the inspection activities, they really need increased resources, and not fewers. >> agencies always say they're stretched. >> dean clancy is with freedom works, and says there is nothing to fear. >> dangerous public health and safety is an irresponsible scare tactic, especially when you realize these are not real cuts, these are reductions from anticipated increases in spending. >> to cut the budget for the agencies will significantly impact them today and tomorrow. >> you made that one, didn't you? >> tressa bennett and your kids are now healthy and food safety advocat advocates. >> they say
CSPAN
Dec 10, 2012 7:00am EST
. in gratitude, the government put me out of business. the fiscal cliff is something that we need to go over, that way we can enhance our military to special forces and get us some better weaponry. lose the people who are vacationing in all of these foreign countries, limiting the military to doing what it absolutely has to do. host: you are probably the fourth person here who has said we should go over the cliff. the headline from november in "the financial times" was that the fall in consumption would be $200 billion if we go over the cliff. that the u.s. consumer is crucial to growth, they went on to say, because it made up 70% of gdp. some are predicting a recession, a downgrade of our rating for the country. you think it would be ok to go over the cliff? caller: put it this way. only in the last 2000 years of human existence, every time a country goes above 20% tax rate, they failed. rome, babylon. go throughout human history. we are saying it is a 50% tax rate now. what about an 80% tax rate? we cannot survive as a government entity by having so many man hires attached to the host. hos
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